Nasfund’s 11.75% Interest Rate for 2024: A Big Win for Members

Nasfund has announced a remarkable 11.75% interest rate for the 2024 financial year, and it's the perfect gift for its 715,000 members, coinciding with Papua New Guinea’s 50th Independence Anniversary. This milestone reflects the fund’s exceptional performance and highlights its commitment to its members’ financial well-being. 

Strong 2024 Financial Results Backed by Smart Investments

The numbers behind this announcement are impressive: 

• Net Profit After Tax (NPAT): K849 million. 
• Net Asset Value (NAV): K8.1 billion. 
• Valuation Gains: K487 million, with K280 million coming from investments in Bank South Pacific. 

Despite challenges such as the "Black Wednesday" financial crisis and a cost-of-living crisis, Nasfund demonstrated remarkable resilience. The fund’s ability to grow and outperform expectations is a testament to its strategic management and smart investment approach. What 

Here is how to check your NASFUND BALANCE: 

1: Using Mobile Phone

2. Other Methods

Does This Mean for Members? 

This strong performance directly benefits Nasfund’s members by: 

• Growing Savings Faster: The 11.75% interest rate means higher returns on your savings, helping you build a more secure future. 
• Stability During Tough Times: Despite economic uncertainty, Nasfund has maintained consistent growth, ensuring your retirement savings remain safe and profitable. 
• Compound Growth: With regular contributions, members will benefit from the power of compounding, where even modest deposits can grow significantly over time. 

Membership Growth and Commitment 

The fund welcomed 56,874 new members and 191 new companies in 2024, showing its increasing popularity. 

Nasfund’s efforts to support members go beyond financial returns: 

• Launched superannuation education videos in English and Tok Pisin. 
• Introduced innovative digital services like a WhatsApp appointment process. 
• Expanded the Membership Discount Program (MDP) and introduced new Employer-to-Employer partnerships, offering additional savings opportunities for members. 

Looking Ahead 

Nasfund CEO Rajeev Sharma highlighted that while the fund’s 2024 results were exceptional, superannuation is ultimately about long-term stability and growth. He urged members to remain consistent with their contributions, as timely deposits allow them to fully benefit from interest earnings. He also emphasized the importance of thinking long-term, as retirement savings have the potential to grow exponentially over time with patience and perseverance. 

The impressive 11.75% interest rate for 2024 reflects Nasfund’s unwavering dedication to safeguarding its members’ financial futures. By managing investments prudently and adapting to ever-changing challenges, the fund continues to pave the way for members to achieve a brighter and more secure retirement.

Youth Resource Week 2025 in Papua New Guinea: SIGN UP ONLINE

Youth Resource Week 2025 in Papua New Guinea Youth Resource Week 2025 is here! Scheduled to take place from March 24-28, 2025, in the vibrant city of Port Moresby, this event promises to be an incredible opportunity for the youth of Papua New Guinea (PNG). Organized by the National Youth Development Authority (NYDA) and supported by various government, non-governmental, and private sector partners.

Youth Resource Week aims to engage and empower young people with valuable skills, resources, and mentorship. 

SEE THE LINK BELOW TO SIGN UP via the official Youth Resource Week website

SEE THE LINK BELOW TO SIGN UP ONLINE

What is Youth Resource Week? 

Youth Resource Week is an annual event dedicated to providing young people in PNG with opportunities, skills, and mentorship to help them thrive. It is part of the larger Youth Mobilisation Campaign, which seeks to activate disengaged youth and build long-term engagement. By bringing together both the public and private sectors, this event offers pathways for education, employment, and entrepreneurship. 

This Year's Event: Dates, Place, and Hosts

• Dates: March 24-28, 2025
• Place: Port Moresby, Papua New Guinea
• Hosts: The National Youth Development Authority (NYDA) organises the event in collaboration with various governmental and nongovernmental organizations and private sector partners. 

Exciting Activities 

This year's Youth Resource Week is filled with a variety of engaging activities designed to cater to different interests and needs. Here's a glimpse of what you can expect: 

• Workshops and Seminars: Explore entrepreneurship, career development, and personal growth topics. Learn from industry experts and gain valuable insights that can shape your future.
• Skill Development Sessions: Participate in hands-on training in digital literacy, vocational skills, and creative arts. Enhance your skills and discover new passions.
• Mentorship Programs: Connect with experienced professionals who can offer guidance and support. Build relationships that can help you navigate your career journey.
• Networking Events: Meet and mingle with peers, potential employers, and community leaders. Expand your network and create opportunities for collaboration.
• Cultural and Recreational Activities: Celebrate the rich cultural heritage of PNG through music, dance, and sports. Have fun while building a sense of community. 

Help and Support Available 

Youth Resource Week is not just about activities and fun—it's also about providing the support and resources you need to find a job and succeed. Throughout the event, you'll have access to: 

• Career Counseling: Receive personalised advice on your career path and job opportunities.
• Educational Resources: Explore options for further education and training programs.
• Health and Wellness Support: Access information and services related to physical and mental well-being.
• Financial Literacy: Learn about managing finances, budgeting, and saving for the future. 

Join the Movement! 

Don't miss out on this incredible opportunity to be part of Youth Resource Week 2025. Whether you're looking to gain new skills, make valuable connections, or simply have a great time, this event has something for everyone. 

For more information and to register, visit the official Youth Resource Week website https://www.youthresourceweekpng.com/